Elizabeth Huebner - Oct 28, 2021 Form 4 Insider Report for Blue Apron Holdings, Inc. (APRN)

Role: Director
Signature: /s/ Meredith Deutsch, as attorney-in-fact for Elizabeth Huebner
Stock symbol: APRN
Transactions as of: Oct 28, 2021
Transactions value $: $57,610
Form type: 4
Date filed: 11/1/2021, 09:43 PM
Previous filing: Jun 15, 2021
Next filing: Jun 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APRN	Class A Common Stock	Options Exercise	$57.6K	+5.76K	+18.5%	$10.00	36.9K	Oct 28, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	APRN	Subscription Rights (right to buy)	Options Exercise	$0	-31.1K	-100%	$0.00^*	0	Oct 28, 2021	Class A Common Stock	13.8K	$1.85	Direct	F2, F3
transaction	APRN	Warrants (right to buy)	Options Exercise	$0	+31.1K		$0.00	31.1K	Oct 28, 2021	Class A Common Stock	4.61K	$15.00	Direct	F4
transaction	APRN	Warrants (right to buy)	Options Exercise	$0	+31.1K		$0.00	31.1K	Oct 28, 2021	Class A Common Stock	2.3K	$18.00	Direct	F5
transaction	APRN	Warrants (right to buy)	Options Exercise	$0	+31.1K		$0.00	31.1K	Oct 28, 2021	Class A Common Stock	1.15K	$20.00	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The effective purchase price of the shares of Class A common stock and Warrants (as defined below) underlying the subscription rights issued in connection with the registrant's rights offering was $10.00 per share and associated Warrants.
F2	Each subscription right issued in connection with the registrant's rights offering was exercisable for (i) 0.185055707113895 shares of the registrant's Class A common stock, (ii) one warrant to purchase 0.148044565691116 shares of the registrant's Class A common stock at an exercise price of $15.00 per share (a "$15 Warrant"), (iii) one warrant to purchase 0.074022282845558 shares of the registrant's Class A common stock at an exercise price of $18.00 per share (an "$18 Warrant"), and (iv) one warrant to purchase 0.037011141422779 shares of the registrant's Class A common stock at an exercise price of $20.00 per share (a "$20 Warrant" and, collectively with the $15 Warrants and $18 Warrants, the "Warrants").
F3	The number of shares reported here reflects the number of shares of Class A common stock to be issued to the reporting person in connection with the exercise of the subscription rights as well as the shares of Class A common stock underlying the Warrants issued to the reporting person in connection with the exercise of the subscription rights. The closing of the rights offering and the issuance of the Class A common stock and Warrants are expected to be on or about November 4, 2021.
F4	Each $15 Warrant to be issued to the reporting person is exercisable for 0.148044565691116 shares of the registrant's Class A common stock. The number of shares of Class A common stock reported in Column 7 is rounded to the nearest ten-thousandth, but the actual number of shares of Class A common stock underlying the $15 Warrant is 4,609.07146366152 shares, which number is subject to adjustment in certain circumstances in accordance with the terms of the $15 Warrant. The $15 Warrants are only exercisable for whole shares of Class A common stock.
F5	Each $18 Warrant to be issued to the reporting person is exercisable for 0.074022282845558 shares of the registrant's Class A common stock. The number of shares of Class A common stock reported in Column 7 is rounded to the nearest ten-thousandth, but the actual number of shares of Class A common stock underlying the $18 Warrant is 2,304.53573183076 shares, which number is subject to adjustment in certain circumstances in accordance with the terms of the $18 Warrant. The $18 Warrants are only exercisable for whole shares of Class A common stock.
F6	Each $20 Warrant to be issued to the reporting person is exercisable for 0.037011141422779 shares of the registrant's Class A common stock. The number of shares of Class A common stock reported in Column 7 is rounded to the nearest ten-thousandth, but the actual number of shares of Class A common stock underlying the warrant is 1,152.26786591538 shares, which number is subject to adjustment in certain circumstances in accordance with the terms of the $20 Warrant. The $20 Warrants are only exercisable for whole shares of Class A common stock.